A Step-by-Step-Guide on how to buy Litecoin (LTC) in Bangladesh
Step 1 – Signup to Kraken You'll first need to buy units of the top-tier currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below to register and to get your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Funds to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Litecoin (LTC) is available on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps) Make sure you've selected the right coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow these easy steps).
Step 3 – Locate Litecoin (LTC) Once your deposit has been verified, you'll directly have access to your finances and you can initiate purchasing and trading. To buy Litecoin (LTC) on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”. To locate Litecoin (LTC), you'll need to put the short name of the asset (LTC) into the search-box, which is highlighted in the image. Be certain of having selected the proper pairing, we have highlighted this too. Click on “LTC/BTC” to continue.
Step 4 – Purchase Litecoin (LTC) After you've spotted Litecoin (LTC), you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're making our own Limit Order. The field with the “Price” tag will be automatically filled with the most recent price (LTC) Litecoin was traded for. You can change this to your preferred price. The “Amount” field is the volumen of LTC you want to purchase. The “Total” field is the whole price in BTC that you'll settle for the whole volumen of LTC. If you're glad, make a mouse click on “Buy LTC”. Your plan will be filled as soon as a Vendor trades their LTC for the price you submitted.
Step 5 – Withdraw (LTC) Litecoin Unless you are frequently trading, never keep your crypto on an Cryptocurrency Exchange for an extended time period. In order to take off your Litecoin (LTC), go to the tab called “Funds” and mouse click on “Withdraw”. (LTC) Litecoin can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (LTC) Litecoin by using the provided drop-down box. Drop in the amount of (LTC) Litecoin you would like to take off. Take into account the shown minimus/fees. Also make sure you have entered your correct withdraw address. If you're glad, click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.